Prime Advantage Blog

Gear Up for the Fourth Industrial Revolution

Mike McDonald on Aug 26, 2016 12:32:30 PM

082616.pngIt’s an exciting time in manufacturing because the next big revolution is upon us. Much like the steam engine, assembly line, and automation before it, the marriage of factories and technology is going to cause productivity and economic growth to skyrocket. And we need it. GDP and output progress have been in the gutter for the past several decades, and according to Industrial Systems thinker Olivier Scalabre’s TED Talk, The Next Manufacturing Revolution is Here, manufacturing revolutions have a way of injecting vast improvements in these areas.

This will drastically change the shape of globalization. Stockpiling at one specialized factory in one part of the world doesn’t fly anymore. Agility and flexibility is the new normal as factories will be fully equipped with all the bells and whistles:

  • Advanced Robotics
  • Additive Manufacturing
  • Horizontal/Vertical integration
  • Augmented Reality
  • Cloud & Cyber Security
  • Simulation
  • Industrial Internet
  • Big Data & Analytics

 

Scale customization means the consumer can get the precise product they want in the same amount of time that mass production yielded for previous generations.

So if we’re able to keep on course, get ready for more wealth and a brighter future.

See the video

New Call-to-action

Topics: Manufacturing, Industry News

Mike McDonald

Posted by Mike McDonald

Mike is the Executive Vice President of Business Development for Prime Advantage, a Chicago based Group Purchasing Organization for mid-market manufacturers. Responsibilities include managing business development, marketing, and the GPO's Healthcare Cost Containment program. He’s been a featured speaker, published author, and recognized award winner within the supply chain community.

Search Our Blog

Subscribe to Blog

Stellar-Regular